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Housing is the business cycle Author info | Abstract | Publisher info | Download info | Related research | Statistics Edward E. Leamer
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Article provided by Federal Reserve Bank of Kansas City in its journal Proceedings .
Volume (Year): (2007)
Issue (Month): ()
Pages: 149-233
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Keywords: Housing ; Housing - Prices ; Business cycles ; Financial markets ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Jonas D. M. Fisher, 2007.
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Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005.
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Pietro Catte & Nathalie Girouard & Robert Price & Christophe André, 2004.
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Cauley, Stephen Day & Pavlov, Andrey D, 2002.
"Rational Delays: The Case of Real Estate ,"
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Margaret M. McConnell & Gabriel Perez Quiros, 1998.
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"Is There a Bubble in the Housing Market? ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 34(2003-2), pages 299-362.
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Morris A. Davis & Jonathan Heathcote, 2005.
"Housing And The Business Cycle ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 751-784, 08.
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Other versions:
Morris Davis & Jonathan Heathcote, 2004.
"Housing and the business cycle ,"
Finance and Economics Discussion Series
2004-11, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!] Davis, Morris & Heathcote, Jonathan, 2001.
"Housing and the Business Cycle ,"
Working Papers
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"Housing and the Business Cycle ,"
Working Papers
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[Downloadable!] Alan Greenspan & James Kennedy, 2005.
"Estimates of home mortgage originations, repayments, and debt on one-to-four-family residences ,"
Finance and Economics Discussion Series
2005-41, Board of Governors of the Federal Reserve System (U.S.).
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Nathalie Girouard & Mike Kennedy & Paul van den Noord & Christophe André, 2006.
"Recent House Price Developments: The Role of Fundamentals ,"
OECD Economics Department Working Papers
475, OECD, Economics Department.
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Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations ,"
Econometrica ,
Econometric Society, vol. 50(6), pages 1345-70, November.
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Other versions: Sydney Ludvigson & Martin Lettau, 1999.
"Consumption, aggregate wealth and expected stock returns ,"
Staff Reports
77, Federal Reserve Bank of New York.
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Other versions: David Genesove & Christopher Mayer, 2001.
"Loss Aversion and Seller Behavior: Evidence from the Housing Market ,"
NBER Working Papers
8143, National Bureau of Economic Research, Inc.
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Other versions:
Genesove, David & Mayer, Christopher, 2001.
"Loss Aversion and Seller Behaviour: Evidence from the Housing Market ,"
CEPR Discussion Papers
2813, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) David Genesove & Christopher Mayer, .
"Loss Aversion and Seller Behavior: Evidence from the Housing Market ,"
Zell/Lurie Center Working Papers
323, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
[Downloadable!] (restricted) David Genesove & Christopher Mayer, 2001.
"Loss Aversion And Seller Behavior: Evidence From The Housing Market ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 116(4), pages 1233-1260, November.
[Downloadable!] (restricted) Peter Hoeller & David Rae, 2007.
"Housing Markets and Adjustment in Monetary Union ,"
OECD Economics Department Working Papers
550, OECD, Economics Department.
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William W. Alberts, 1962.
"Business Cycles, Residential Construction Cycles, and the Mortgage Market ,"
Journal of Political Economy ,
University of Chicago Press, vol. 70, pages 263.
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Muellbauer, John, 2008.
"Housing, Credit and Consumer Expenditure ,"
CEPR Discussion Papers
6782, C.E.P.R. Discussion Papers.
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Other versions: Margaret Hwang Smith & Gary Smith, 2006.
"Bubble, Bubble, Where's the Housing Bubble? ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 37(2006-1), pages 1-68.
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Sydney Ludvigson & Charles Steindel & Martin Lettau, 2002.
"Monetary policy transmission through the consumption-wealth channel ,"
Economic Policy Review ,
Federal Reserve Bank of New York, issue May, pages 117-133.
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Fair, Ray C, 1972.
"Disequilibrium in Housing Models ,"
Journal of Finance ,
American Finance Association, vol. 27(2), pages 207-21, May.
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Martin Lettau, 2001.
"Consumption, Aggregate Wealth, and Expected Stock Returns ,"
Journal of Finance ,
American Finance Association, vol. 56(3), pages 815-849, 06.
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Topel, Robert H & Rosen, Sherwin, 1988.
"Housing Investment in the United States ,"
Journal of Political Economy ,
University of Chicago Press, vol. 96(4), pages 718-40, August.
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Stephen G. Cecchetti & Alfonso Flores-Lagunes & Stefan Krause, 2006.
"Assessing the Sources of Changes in the Volatility of Real Growth ,"
NBER Working Papers
11946, National Bureau of Economic Research, Inc.
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Other versions: Oecd, 2006.
"Are House Prices Nearing a Peak?: A Probit Analysis for 17 OECD Countries ,"
OECD Economics Department Working Papers
488, OECD, Economics Department.
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de Leeuw, Frank & Gramlich, Edward M, 1969.
"The Channels of Monetary Policy: A Further Report on the Federal Reserve-M.I.T. Model ,"
Journal of Finance ,
American Finance Association, vol. 24(2), pages 265-90, May.
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Richard Herring & Susan Wachter, .
"Bubbles in Real Estate Markets ,"
Zell/Lurie Center Working Papers
402, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
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Martin Lettau & Sydney Ludvigson, 2003.
"Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption ,"
NBER Working Papers
9848, National Bureau of Economic Research, Inc.
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Other versions: Karl E. Case & Robert J. Shiller, 1989.
"The Behavior of Home Buyers in Boom and Post-Boom Markets ,"
NBER Working Papers
2748, National Bureau of Economic Research, Inc.
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Other versions: Rose Cunningham & Ilan Kolet, 2007.
"Housing Market Cycles and Duration Dependence in the United States and Canada ,"
Working Papers
07-2, Bank of Canada.
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Karl Case & John Quigley & Robert Shiller, 2005.
"Comparing Wealth Effects: The Stock Market versus the Housing Market ,"
Advances in Macroeconomics ,
Berkeley Electronic Press, vol. 5(1), pages 1235-1235.
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Other versions:
Karl E. Case, John M. Quigley, Robert J. Shiller., 2001.
"Comparing Wealth Effects: The Stock Market versus The Housing Market ,"
Economics Working Papers
E01-308, University of California at Berkeley.
[Downloadable!] Karl E. Case & John M. Quigley & Robert J. Shiller, 2001.
"Comparing Wealth Effects: The Stock Market versus the Housing Market ,"
Cowles Foundation Discussion Papers
1335, Cowles Foundation, Yale University.
[Downloadable!] Karl E. Case & Robert J. Shiller & John M. Quigley, 2001.
"Comparing Wealth Effects: The Stock Market Versus the Housing Market ,"
NBER Working Papers
8606, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Joe Peek & James A. Wilcox, 2006.
"Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment ,"
American Economic Review ,
American Economic Association, vol. 96(2), pages 135-140, May.
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Karl E. Case & Robert J. Shiller, 1987.
"Prices of Single Family Homes Since 1970: New Indexes for Four Cities ,"
Cowles Foundation Discussion Papers
851, Cowles Foundation, Yale University.
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Other versions: Bach, G L & Stephenson, James B, 1974.
"Inflation and the Redistribution of Wealth ,"
The Review of Economics and Statistics ,
MIT Press, vol. 56(1), pages 1-13, February.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
L. Randall Wray, 2008.
"The Commodities Market Bubble Money Manager Capitalism and the Financialization of Commodities ,"
Economics Public Policy Brief Archive
ppb_96, Levy Economics Institute, The.
[Downloadable!]
Andra C. Ghent & Michael T. Owyang, 2009.
"Is housing the business cycle? evidence from U.S. cities ,"
Working Papers
2009-007, Federal Reserve Bank of St. Louis.
[Downloadable!]
Patrick Honohan, 2008.
"Risk Management and the Costs of the Banking Crisis ,"
The Institute for International Integration Studies Discussion Paper Series
iiisdp262, IIIS.
[Downloadable!]
Claessens, Stijn & Kose, Ayhan & Terrones, Marco E., 2008.
"What Happens During Recessions, Crunches and Busts? ,"
CEPR Discussion Papers
7085, C.E.P.R. Discussion Papers.
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Other versions: Mohamadou Fadiga & Yongsheng Wang, 2009.
"A multivariate unobserved component analysis of US housing market ,"
Journal of Economics and Finance ,
Springer, vol. 33(1), pages 13-26, January.
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Patrick Honohan, 2008.
"Bank Failures: The Limitations of Risk Modelling ,"
The Institute for International Integration Studies Discussion Paper Series
iiisdp263, IIIS.
[Downloadable!]
Tommaso Proietti & Alessandra Luati, 2008.
"Real Time Estimation in Local Polynomial Regression, with Application to Trend-Cycle Analysis ,"
CEIS Research Paper
112, Tor Vergata University, CEIS, revised 14 Jul 2008.
[Downloadable!]
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